Mansion Tax

26 Mar

The Liberal Democrats go on and on about the Mansion Tax.

But there are already two Mansion Taxes.

Houses over £2million attract 7% or even 15% in Stamp Duty when they are sold.  That means £140,000 or £ 280,000 on the property.

A house between £125,000 and £250,000 attracts just 1%! That’s just £2500 on a £1/2million house.

That looks like the first tax.

Then, of course, there is the Council Tax.

In my area a Band A house pays £900 pa whereas a Band H house pays £2700 pa. Band H is for houses over £320,000. This tax extends down a long way.

There the second tax.

The Lib Dem tax is just a mean minded attack on a soft touch.

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